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English 31
Search Results 0 to 30 of about 31 (some duplicates have been removed)
FOX Business
Dec 11, 2012 10:00pm EST
, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is -- where is the outrage that lenny brewer, already -- certainly implicated in the "fast and furious" scandal is standing there, as spokesman u.s. justice department saying they are not going to prosecute. >> you se
FOX Business
Dec 11, 2012 7:00pm EST
, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-sizprice. this is awesome. [ male annncer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. l
FOX News
Dec 11, 2012 12:00pm PST
from lansing. not one worker from europe's biggest bank, hsbc, will far us a criminal charge after they were accuses of failing to guard against terrorists, tax cheat and drug cartels but agreed to pay a record $1.9 billion fine to settle the case. that probably won't hurt this bank at all. last quarter, they reported $2.5 billion in net profit. according to the treasury, the failure to police transactions allowed hundreds of millions of dollars in drug money from mexican cartels to flow into the united states. the feds report the bank broke finance laws when they did business with iran and libya and cuba and others. under their deem with the feds, the bank will pay the record fine, change some policies, but not one bank employee will ever face criminal prosecution. the prosecutors say department of justice officials wanted to bring criminal charges but decided not to not because of a lack evidence but because it would put the future of the largest banks at risk. think of that. not because they didn't have the goods. they were worried about the banking system. this says clearly it
ABC
Dec 12, 2012 1:40am PST
hsbc. the government says the british bank did business with drug lords and terrorists yet faces no criminal charges. brian ross reports. >> reporter: when the most ruthless of the mexican drug cartels wanted to hide their money, they went to hsbc. so did hamas and al qaeda, along with iran and other countries and the u.s. financial blacklist. all customers of a bank known well around the word. but given much less prominence in the announcement was a deferred prosecution agreement with hsbc, meaning there will be no prosecution of the bank or its top executives. despite more than a decade of dealing with criminals and terrorists. >> this is a very just, very real and very powerful result. >> you don't think the bank got off easy? >> no, and i don't think the bank thinks it got off easy. >> reporter: but with $38 billion in profits over just the last two years alone, hsbc can easily afford its $1.92 billion payment. >> this is a signal to other banks that if you do this kind of stuff, you'll get a parking ticket, you'll pay the fine and move on. >> reporter: since this summer, whe
ABC
Dec 11, 2012 6:00am PST
, global banking giant hsbc will pay 1.9 billion dollar fine to settle allegations it engaged in money laundering. the money is believed to be tied to mexican drug cartels even terrorism. hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >> in the last hour we learned delta is buying a 49% stake in virgin atlantic airlines, delta wants better access to heathrow in hahn done, the two are agenting in -- in london. virgin atlantic owned by sir rich and branson who owns a stake in virgin america airlines. >>> got milk? the reason fewer americans are drinking dairy. >>> first, cashmere sweaters. michael finney and consumer re >>> we come back. water vapor in the air, n
CNN
Dec 11, 2012 6:00am PST
.9 billion, that's how much global banking giant hsbc is paying the united states government to resolve accusations of money laundering for mexican drug cartels and terror-linked groups in saudi arabia. business correspondent christine romans joins us now from new york, and it's a serious allegation here. >> it really is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the who
CNN
Dec 11, 2012 2:00am PST
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also classif
MSNBC
Dec 11, 2012 2:00am PST
. >>> well, this morning, an apology and an impressive find for a british banking giant. hsbc will pay a record $1.9 billion to settle a u.s. criminal probe alleging the firm ignored red flags about money laundering for years. today the bank admitted to a breakdown of controls. >>> meanwhile, standard chartered is shelling and selling out a smaller but still significant sum of $327 million for violating u.s. saks sancti against iran, sudan, and two other countries. >>> the u.s. treasury is selling its remaining stake in aig for just under $8 billion. that ends the era of government ownership. >>> on the street, hp, the dow's worst performer shot up on rumors that activist investor carl icahn is building a stake in the pc maker. meanwhile mcdonald's gave blue chips a boost in better than expected sales. apple and google have reportedly combined their competing bids for a bundle of kodak patents. former imf chief dominique strauss-kahn and a maid have agreed to settle a suit. the dollar amount will remain confidential. >>> retailers hired 465,000 seasonal workers land month. up 25% from
FOX
Dec 26, 2012 4:00am PST
with that big loss, goldman sachs makes list, hsbc. did it change people's perceptions of these big banks? > > when we look at the data, we can see that trust in the financial service industry has further eroded. so any time you have a crisis like that, it has an impact on the company overall. but when you have a bunch of companies together, it does erode trust in the industry as a whole. > there was also a tragic event that made the list: costa concordia. > > yes. costa concordia, we all remember the images of the half-tipped-over cruise ship right there off the coast of italy. it was a tragic case, it was obviously a loss of lives and a tragic situation all around. what made it particularly striking, however, was some of the kind of bizarre circumstances surrounding the behavior of the captain at the time. and that immediately raised questions about the safety standards at the operator. > that's right, thoughts of an affair with a younger woman, and there were just a lot of details on that. moving on to apple and foxconn. this was a shocking story to a lot of people as to how people wer
CNN
Dec 12, 2012 11:00am PST
. >> europe's biggest bank, you heard about this, hsbc agreed to pony up close to $2 billion to settle accusations of money laundering. the senate banking committee they found that hsbc in mexico shipped $7 billion in cash, mind you, across the border, maybe turned a blind eye to where the money came from, want you to listen to neil barofsky, we had him on the show yesterday, and i asked him whether top bank officials knew they were handling drug money there. >> the notion that this wasn't something that was known on senior levels of the banks, at least they had plenty of reason to suspect that this was ongoing and, look, i think somebody described it as the biggest slap on the wrist in the history of banking fines. >> stuart gulliver receiving the big wrist slap in terms of bank fines. told me 2 billion bucks, that was chump change and it shows that crime pays. what do you think? >> i think any big bank, anybody in charge of the bank, bears responsibility for the conduct of the bank. hsbc is a famously tightly run bank. obviously the people at the top had to know something was amiss.
CNN
Dec 11, 2012 4:00am PST
israel coming up next. >>> does the nfl have a gun culture? >>> and business news. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans. minding your business. three british nationals arrested in connection with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this i
ABC
Dec 11, 2012 4:00am PST
. and there are some major deals in the works this morning. overnight, hsbc confirmed a record $1.9 billion settlement with the u.s. in return, the british-based banking company won't be charged with money laundering. a criminal prosecution of europe's largest bank might destablize the global system. >>> that closes the books on the biggest bailout. the government's 16% stake is worth almost $8 billion. >> made a profit off of that deal. >>> thanks to the surge in online shopping, shipping services expecting a record-setting year. a record number of packages are in the fedex pipeline after its busiest shipping day ever. abc news got a special look inside its global hub in the city of memphis. by yesterday afternoon, more than 19 million packages had been shipped. 10% more than the busiest day last year. business is up. >> mind-boggling. >>> facebook and gmail seem to be all right this morning. but both services had brief outages. some users had problems with google calendar and documents for about an hour. there's no word from google about the cause. facebook said it changed a web address. that outage
KRON
Dec 11, 2012 4:00am PST
the premarket >>hsbc will pay $1.9 billion to settle a u.s. money-laundering probe. the investigation into hsbc has focused on the transfer of billions of dollars on behalf of nations such as iran and the transfer of money from mexican drug cartels. the british bank said in statement tuesday that the settlement involves a deferred prosecution agreement with the u.s. department of justice. the bank won't be prosecuted if it meets certain conditions, such as strengthening internal controls to prevent money laundering. >> we will get you started with weather and traffic and everything went you need to head out the door. let us take a look at our roof cam. we are looking at a pretty the day today. will get cold. we have changes on the way to tell you about. we will be right back. 5:14 is the type. >> california experience the highest tides of the year this week. thursday morning is when it will peak. this condition is called the king tied to where the gravitational tug of the moon and sun not climate change is responsible for the extreme tides. >> king tied occur several times a year, but this week
FOX News
Dec 11, 2012 2:00am PST
day hiring bigger than the 619,700 jobs. >> you make a good point. hsbc banks reaches a settlement. this is a huge dollar figure. >> the british bank agreed to pay a record 1.9 billion to settle a multi year investigation of how it ignored red flags of money laundering by mexican drug cartels and allowed transfers from iran and sudan which are under investigation. they have become a top priority for u.s. law enforcement. in a separate case another british bank agreed to settle their investigation with the $340 million settlement. the numbers are adding up. >> they are on top of things they have huge legal departments that look at this. >> jobs for 2013. >> these occupations experienced the strongest growth since 2010. software developers topping the list. make about $45 an hour. they have been popular over the last few years creating 70,000 positions. you have accountant, market research and computer analyst, hr specialist, computer systems administrator, sales rep and web developers. those are very promising careers for the new year. >> a lot of computer related stuff. >> thank yo
ABC
Dec 11, 2012 5:00am PST
, overnight hsbc agreed to pay 1.9 billion dollars in fines in return the company will not be indicted on money laundering. federal government selling off rest of shares in aig that closes books on biggest bailout shares worth eight billion dollars which means the government made a profit. record number of packages in the fed, pipeline this morning after busiest shipping -- the fedex pipeline this morning after its busiest shipping day. yesterday afternoon more than 19 million packages. beyonce and pepsi have a new partnership, besides the super bowl, beyonce will appear on everything from soda chance to store displays the deal thought to be >>> good morning. brr, 5:13 live look on the embarcadero it is clear out there you can feel the cold. mike is tracking temperatures as low as mid 30s especially north and east bay valleys, rain he says will be arriving tonight. >>> neighborhood watch volunteer charged the shooting death of a florida teenager will be back in court this morning. defense attorneys will ask a judge to end the 24 hour gps monitoring of george zimmerman in the fatal shoo
LINKTV
Dec 31, 2012 8:00am PST
and new york state prosecutors have unveiled their $1.9 billion settlement with the banking giant hsbc for a massive money laundering scheme used by drug cartels and other illegal groups. >> you can do real time in jail and therefore doing ridiculous offenses, or taking it up two subway seats. people go to jail all the time in this country. for having a marijuana stem in your pocket. there are 50,000 marijuana- related cases in america alone every year. and here we have a bank money laundered billions of dollars and they cannot find anyone to put in jail. >> i had a chance to speak directly to leonard peltier when he called into a news conference organized by his lawyers and pete seeger. >> what would you do if you were free? >> probably go home on house arrest. that is the only thing i could expect. i do not think obama would do what bill clinton did. he is not going to give any clemencies until his last year. it is not going to happen. george bush signed the second chance act, which is house arrest, so we are pushing for that. if i do get house arrest, at least i can get some medical
FOX News
Dec 11, 2012 8:00am PST
is hsbc, apparently avoiding a criminal indictment but only because filing criminal charges could have destabilized the world's financial system. instead, the bank pay a record penalty. nearly $2 billion this that settlement, and as rick was just mentioning, the bank is facing a slew of accusations including that it transferred funds to mexican drug cartels and also transferred funds to nations like iran, evading international sanctions. charlie gasparino has more from the fox business network. charlie, is this unique only to hsbc, or is in the first domino to fall here? >> well, i mean, there may be other banks, but it follows a pattern that the justice department has used since arthur anderson following the enron scandal. they didn't want to put any more big companies out of business, so they go into these deferred prosecution agreements, today hit the bank with a big fine and then today kind of move on. what's kind of like -- what's not good about this is that if you think about it, shareholders are suffering when you had probably individual employees who committed possible crimes h
MSNBC
Dec 16, 2012 5:00am PST
legal risks. hsbc this week, agreed to a record $1.9 billion with a "b" settlement of money laundering with sanctions with iran and north korea. some prosecutors wanted to bring charges but the u.s. officials were concerned the consequence would cripple the bank in the u.s. hsbc executive said the bank was quote, profoundly sorry. before taxes, hsbc made $12.7 billion in profits the first half of this year, which makes it too big to prosecute. health care exchanged defined by the affordable care act to get health insurance for coverage and affordability. they will require federal involvement. utah and florida are undecided. 22 states who oppose the president will rely most on the obama administration to make health care coverage available to the residents least able to afford it. finally, where unions stand with chicago mayor rahm emanuel. in the week his former boss la meanted in michigan, he switched a contract to a non-union contractor. 300 union members will lose their jobs. they are not guaranteed full time work, will not have full health care coverage. it's owned by a man describ
KRON
Dec 11, 2012 7:00am PST
the end of 2013. hsbc will pay $1.9 billion to settle u.s. money-laundering probe. the investigation as to hsbc has focused on the transfer billions of dollars on behalf of nations such as the rhine and the transfer money from mexican drug cartels. the british bank said in a statement tuesday that the settlement involves a deferred prosecution agreement and with the u.s. department of justice. and just crossing wires the justice burton says hsbc intentionally allow prohibited transactions with i ride, libya, sudan and burma. >> what as roll out its own library of retro filters for its android and iphone apps. this comes as a social me as i said it lost the ability to display images from the facebook owns a gram. twitter of birds at the ability to include images and tweets a year-and-a-half ago. if you have arabizing abated twitter app is available now on the google place store. it is coming sounds apples app store. facebook uses are apparently too busy about a proposed policy changes on the web site. 300 million boys than needed to override those changes for results to be binding. ho
MSNBC
Dec 11, 2012 7:00am PST
was afraid to claim it next year because of the fiscal cliff and there might be higher taxes. >>> hsbc is about to pay up the biggest penalty ever imposed on the banks. mandy drury is here. mandy, the british banking giant going to pay a whopping $1.9 billion. what, they're making this money laundering probe go away? >> it's very interesting decision, actual ily, what came out of this, chris, because given the extent of evidence against hhbc, they are see ing there is the better of two evils. maybe you can call it a healthy compromise between a settlement and also a much harsher money laundering indictment. obviously this might hurt the bank's reputation but hopefully not a whole lot more than that because at the end of the day a harsher indictment would have sparked concerns that criminal charges could jeopardize what is one of the world's largest banks and therefore destabilize the global financial system. i guess you could call this maybe a case of has it become too big to indict. instead it just got the record $1.92 billion settlement. >> a big star is making a deal apparently with
FOX News
Dec 11, 2012 3:00am PST
on to the head and died from his injuries. it is it the largest fine paid by a bank. hsbc agreed to pay 1.89 billion to settle a money laundering case. it is for nations like iran and enabled mexican drug cartels to move money loolly through the american subsidaries. are you ready for some country? ♪ ♪ wrecked my heart. ♪ i should never let go. ♪ the one that good away. >> gretchen: the american country award kicked off in vegas. luke bryant took home nine awards including artist of the year. >> country music. we get to do what we love and for people who are honest and hard working and beautiful people thoo support great music. >> he went on to do the right thing thanking his wife and band and all of the fans and those are your headlines. >> steve: very nice. michigan is poised later today to pass landmark legislation. big labor is furous and marshalling the troops. if you were at the afo head quart ares in michigan, you would have seen cars with license plates from georgia, minnesota and ohio and illinois and they are angry that the people of the great state of the michigan will
ABC
Dec 11, 2012 1:40am PST
will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his money. a jury in tampa convicted her of the 2009 murder of abraham shakespeare who had won $17 million. he was found buried in concrete in the backyard of her boyfriend. the judge called her cold, calculating, and cruel. >>> we now know the identity of the second lucky winner of that record powerball jackpot. matthew goode had tried to remain anonymous in claiming his share of the $587 million prize. yeah, that didn't happen. it was only a matter of time before his name was discovered. he is originally from pennsylvania, but moved to phoenix area last year. he took a one-time payout of $192 million, telling officials he was worried about paying higher taxes next year because of the fiscal
CNN
Dec 14, 2012 6:00am PST
to pursue criminal charges against hsbc. the bank admits laundering money from iran, libya and myanmar. chuck grassley calls the lack of charges a declaration that "crime does pay." the justice department did not comment but defends its nearly $2 billion settlement with the bank. >>> two massachusetts costco workers are splitting a $50 million powerball prize. rosa deleon buys two tickets every day and shares them with her co-worker reginald. on wednesday the tickets finally paid off. the two will each get $11 million after taxes. congratulations to them. very lucky. >>> there is a machine that could one day be used to make homemade guns, not only that, it could make plastic guns that a metal detector won't find. you can believe some people are worried about it. here is joe johns with more. >> reporter: in the this northern virginia gun store you can buy all sorts of weapons but what if you could make weapons in your own home using a three-dimensional printer. sounds like science fiction but to some it's not far-fetched. >> primarily 3-d printers are used to manufacture parts for antiq
ABC
Dec 11, 2012 7:00am PST
in the financial crisis. a slight profit is expected. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a life-changer. >>> and it was supposed to be the game of the year between new england and houston last night. wasn't even close. even when things didn't go as planned, as you see here, well, the patriots took advantage, fumbling into the end zone. why not? tom brady and the patriots steamrolling the houston, texans. the new daddy threw for four scores. and right now, there's no doubt about who the kings of the hill are in the nfl. >> josh, thanks very much. >>> we're going to turn to the brazen shooting in midday, midtown manhattan, just steps away from carnegie hall. a young man execut
CBS
Dec 11, 2012 7:00am PST
. in the united states federal investigators claim hsbc transferred billions of dollars for countries like iran and did business with mexican drug cartels. company officials say they accept responsibility for past mistakes. >>> "the new york times" says top officials in afghan government was shot on her way to work. her predecessor also murdered less than six months ago. >>> the "wall street journal" reports delta airlines is close to a deal to buy 49% of virgin atlantic airways, that would give delta a wider network of flights and more space at heath row, london's main airport. delta would pay singapore airlines 300 million to $500 million for the stake. >>> google avoided paying about $2 billion worldwide income taxes last year. the company moved nearly $10 billion in overseas profits to bermuda, where there is no,, >>> good morning. heading out, grab the jacket. it's chilly in spots. overlooking san jose now not a bad start to the day at all. we have mostly clear skies, some patchy, dense fog in the valleys and fog at the coast.temperatures in the 30s and 40s now, this afternoon 50s and 60s.
MSNBC
Dec 11, 2012 3:00am PST
of papers. "san francisco chronicle." $1.9 billion settlement with british giant hsbc. they were charged with enabling drug cartels to launder money through the american financial system. >> is that bad? >> billions have dollars on behalf of iran. >> they keep moving the lines. >> i wish the regulators would pass a freakin law and stick with it. >> put your earpiece in so they can tell you to be quiet. >> to laund-if you can't laundey through mexican cartels, what can you do these days? >> sharing with marketers and other third parties without notifying parents. >> this is just not good. >> only 20% of children's apps provide disclosures about that data collection. >> this is the cutest thing. the pope is tweeting. "usa today," pope benedict will make history tomorrow when he takes to twitter to answer his pari parishioner's questions. he already has 900,000 followers in eight languages on his handle at pontiff-x. >> he follows me. >> 900,000 for the pope? beaver's got like 25 million. you would think the pope would be -- >> get off his back! >> i want to do that at some point. i know we
CNBC
Dec 13, 2012 6:00am EST
. but it adds -- and then you've got all the stuff you were bringing up, hsbc, you've got the high frequency trading. you got the flash crash. you got the idea that it's not an even playing field. >> and then when interest rates are 1% or 2% people feel like no one knows what they should do. >> to what end? i think a big part of it is you have to step back and say what's the bigger picture? what's the concern? a lot of people feel like the system is rigged. so that, you know, one of the things that was interesting to me at e-trade was watching the evolution of self-directed to a need for guidance. sort of some level of guided advice. >> do you believe the -- do you believe that the retail investor has a fair shot? against the institutional investor? >> no. no. i do not. >> i do not. i think that at the end of the day to level the playing field, there are certain products and services that you can buy self-directed. >> shouldn't we be trying to level the playing field? >> of course. of course. >> but the answer is it's never going to be fair -- >> the same information as an institution -- >>
CNBC
Dec 14, 2012 6:00am EST
's second largest economy. hsbc's preliminary monthly purchasing manager index rose 50.9 from november's 50.5. also, china story. apple's iphone is officially on sale in china starting today. that should help apple reverse a slide in its market share in that really important area. but analysts say the key to apple's future in china is a tie-up with the telecom operator china mobile. the two have been in talks for years but haven't yet come to any agreement. and you wonder how much china, how much do they want? how much do you have to give up to get a part over there? almost everything, right? >> pretty much. all of your data, everything -- >> their way, they get your technology. do they get the lion's share of -- do they split anything down the middle? >> anyway let's talk about facebook. a major facebook lockup expiration is happening today. early employees' investors will get their first chance to sell about 156 million facebook shares since the ipo back in may. and joining us now on the "squawk" newsline, henry blodget, the ceo and editor in chief at business insider. good morning. >> go
CNBC
Dec 31, 2012 9:00am EST
in december, according to hsbc. china pmi rising to 51.5. and that is a result of manufacturing in china in a year and a half. the shanghai index ended the day about 1.6% higher, highest close since june 20th. it has been a nice run that we've seen also in china to our point before. it's been up 16% since its four-year low in december. >> for the year the index is up 3% right now. for those who missed it, this will be the first annual gain in, i believe, three years' time. this has not been a positive stock market, despite the economy growing 7%, 8%, 9% or so. as the chinese president said this morning, there will be policies put in place to support growth. and whatever nervousness in the transition is going to fade and policymakers can get more involved. >> we've seen this play out in the metal stakes. the best fourth quarter in two years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also
Search Results 0 to 30 of about 31 (some duplicates have been removed)